Supply Chain Management CHAPTER 14 Marketing 10 Lamb, Hair, McDaniel Designed by Eric Brengle B-books, Ltd. Copyright ©2009 by Cengage Learning Inc. All rights reserved Prepared by Amit Shah Frostburg State University 1 LOI Supply Chains Supply Chain The connected chain of all of the business entities, both internal and external to the company, that perform or support the logistics function Copyright ©2009 by Cengage Learning Inc. All rights reserved 2 LOI Supply Chains Supply Chain Management A management system that coordinates and integrates all of the activities performed by supply chain members into a seamless process, from the source to the point of consumption, resulting in enhanced customer and economic value Copyright ©2009 by Cengage Learning Inc. All rights reserved 3 LOI Supply Chains Copyright ©2009 by Cengage Learning Inc. All rights reserved 4 Supply Chain Managers Supply chain managers are responsible for Making strategic decisions Management of information through supply chain Coordinating relationships between company and external partners LOI Copyright ©2009 by Cengage Learning Inc. All rights reserved 5 Benefits of Supply Chain Management Supply chain oriented companies commonly report: • Lower inventory, transportation, warehousing, and packaging costs • Greater supply chain flexibility • Improved customer service • Higher revenues • Increased profitability LOI Copyright ©2009 by Cengage Learning Inc. All rights reserved 6 LO2 Supply Chain Integration Relationship Integration Measurement Integration Technology and planning Integration Firm-to-Firm Social Interactions Operational Planning and Control Material and service supplier Integration Internal Operations Integration Customer Integration Customer Integration Copyright ©2009 by Cengage Learning Inc. All rights reserved 7 LO3 Key Processes Copyright ©2009 by Cengage Learning Inc. All rights reserved 8 LO3 Customer Relationship Management Customer Relationship Management Process The prioritization of a firm’s marketing focus on different customer groups according to each group’s long-term value to the company or supply chain; designed to identify and build relationships with good customers. Copyright ©2009 by Cengage Learning Inc. All rights reserved 9 LO3 Customer Service Management Customer Service Management Process A multi-company, unified response system to the customer whenever complaints, concerns, questions, or comments are voiced; designed to ensure that customer relationships remain strong. Copyright ©2009 by Cengage Learning Inc. All rights reserved 10 LO3 Demand Management Demand Management Process The alignment of supply and demand throughout the supply chain to anticipate customer requirements at each level and create demand-related plans of action prior to actual customer purchasing behavior. Copyright ©2009 by Cengage Learning Inc. All rights reserved 11 LO3 Order Fulfillment Order Fulfillment Process A supply chain management process that involves generating, filling, delivering, and providing on-the-spot service for customer orders. Copyright ©2009 by Cengage Learning Inc. All rights reserved 12 LO3 Manufacturing Flow Management Manufacturing Flow Management Process A process that ensures that firms in the supply chain have the resources they need Copyright ©2009 by Cengage Learning Inc. All rights reserved 13 LO3 Supplier Relationship Management Supplier Relationship Management Process A supply chain management process that supports manufacturing flow by identifying and maintaining relationships with highly valued suppliers Copyright ©2009 by Cengage Learning Inc. All rights reserved 14 LO3 Returns Management Returns Management Process A process that enables firms to manage volumes of returned product efficiently, while minimizing costs and maximizing the value of the returned assets to the firms in the supply chain. Copyright ©2009 by Cengage Learning Inc. All rights reserved 15 LO4 Supply Chain Management Lean Supply Chain Management The strategy that focuses primarily on the removal of waste from the supply chain to achieve the lowest total cost to the members of the supply chain system The supply chain strategy that focuses primarily on Agile Supply the ability of the firm to fulfill Chain Management customer demand, even if this means somewhat higher costs Copyright ©2009 by Cengage Learning Inc. All rights reserved 16 Mapping The Supply Chain LO4 Copyright ©2009 by Cengage Learning Inc. All rights reserved 17 LO5 Logistical Components of the Supply Chain Supply Chain Team Logistics Information System Sourcing & Procurement Order Processing Inventory Control Warehouse & Materials Handling Copyright ©2009 by Cengage Learning Inc. All rights reserved Transportation 18 LO5 Sourcing and Procurement The Role of Purchasing: • Plan purchasing strategies • Develop specifications • Select suppliers • Negotiate price and service levels • Reduce costs Copyright ©2009 by Cengage Learning Inc. All rights reserved 19 LO5 Order Processing Electronic Data Interchange Information technology that replaces paper documents that accompany business transactions with electronic transmission of the information. http://www.walmartstores.com Online Copyright ©2009 by Cengage Learning Inc. All rights reserved 20 LO5 Inventory Management and Control Inventory Control System A method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer’s or a customer’s demand. Copyright ©2009 by Cengage Learning Inc. All rights reserved 21 LO5 Inventory Management and Control Materials Requirement Planning (MRP) An inventory control system that manages the replenishment of raw materials, supplies, and components from the supplier to the manufacturer. Distribution Resource Planning (DRP) An inventory control system that manages the replenishment of goods from the manufacturer to the final consumer. Copyright ©2009 by Cengage Learning Inc. All rights reserved 22 LO5 Inventory Replenishment Example Sleep Right Mattress Retail Store Sleep Right Distribution Center ABC Mattress Wholesaling Company Great Mattress Company MRP Copyright ©2009 by Cengage Learning Inc. All rights reserved 23 LO5 Materials Handling Functions Receive goods into warehouse Identify, sort, and label goods Dispatch the goods to temporary storage Recall, select, or pick the goods for shipment Copyright ©2009 by Cengage Learning Inc. All rights reserved 24 LO5 Transportation Airways Water Pipelines Motor Carriers Railroads Copyright ©2009 by Cengage Learning Inc. All rights reserved 25 Transportation Mode Choice LO5 Cost Transit time Reliability Capability Accessibility Traceability Copyright ©2009 by Cengage Learning Inc. All rights reserved 26 LO6 Supply Chain Performance Measurement A good metric is characterized by five qualities: •Creates understanding of strategic objectives and tactical plans •Promotes behaviors that are consistent with achieving these objectives •Allows for recording of actual results/outcomes •Allows companies to compare themselves to competitors and customer expectations •Motivates continuous improvement Copyright ©2009 by Cengage Learning Inc. All rights reserved 27 LO7 Trends in Supply Chain Management Globalization of supply chain management Advanced computer technology Outsourcing of logistics functions Electronic distribution Outsourcing of logistics functions Copyright ©2009 by Cengage Learning Inc. All rights reserved 28 Advanced Computer Technology • Automatic identification systems – Bar coding – Radio frequency technology • Communications technology • Supply chain software systems LO7 Copyright ©2009 by Cengage Learning Inc. All rights reserved 29 LO7 Outsourcing Logistics Functions Outsourcing Benefits • Reduce inventories • Locate stock at fewer plants and distribution centers • Provide same or better levels of service Copyright ©2009 by Cengage Learning Inc. All rights reserved 30